Kier’s problems mount up to £35m first-half loss
Kier has reported a first-half pre-tax loss of £35.5m after taking massive provisions on two loss making contracts.Kier has reported a first-half pre-tax loss of £35.5m after taking massive provisions on two loss making contracts.Read Full Article: The...
Ofgem warms to £700m Shetland cable
Plans for the construction of a 600MW subsea electricity transmission link from Shetland to mainland Scotland have received tentative approval from the electricity industry regulator.Plans for the construction of a 600MW subsea electricity transmission link from...
MPs lambast BBC’s Albert Square mistakes
MPs have laid into the BBC for its inability to effectively manage and procure a flagship construction project.MPs have laid into the BBC for its inability to effectively manage and procure a flagship construction project.Read Full Article: The Construction Index from...
Kier slumps to £35.5m loss as problem contracts continue
Kier racked up a pre-tax loss of £35.5m in the second half of 2018 after it was hit by problem contracts and mounting debts. The losses compared to a pre-tax profit of £34.3m in the same period in 2017 as revenue stayed flat at £2,064m. Kier was hit by a £25m...
Hi Vis site wear launched for pregnant women
Pregnant construction workers can now buy a range of hi vis clothing to wear on site. The range from specialist Leo Workwear contains hi vis maternity polo shirts and cargo trousers. Features include an elasticated over-bump band and the clothes are designed to to be...
Speedy buys powered access hirer for £9.6m
Speedy is back on the acquisition trail buying Yorkshire-based powered access hirer Lifterz for £9.6m. Lifterz employs around 90 staff out of a head office in Ossett and other sites in Haydock, Daventry and Bathgate. It operates a fleet of 1,300 access platforms and...
Build to rent specialist plans Bolton urban village
Build to Rent developer Placefirst has unveiled £27.5m plans for a Bolton town centre site. Central Street car park will be transformed into Bolton’s first purpose-built urban village. The scheme will comprise four blocks designed around a network of pedestrian...
Interserve newco to inherit contract liabilities
Almost all previous liabilities held by Interserve have been carried over to the new business despite the firm falling into administration, the contractor’s general counsel has told Construction News. source...
Eastenders set procurement ‘costly and ineffective’
An investigation by the Public Affairs Committee (PAC) has determined the BBC’s procurement approach to the rebuilding of the Eastenders set (E20) was ineffective and increased project cost. source...
Coventry trials prefab housing
Whitefriars Housing Association is trialling the use of volumetric modular construction homes in a joint project with Coventry City Council.Whitefriars Housing Association is trialling the use of volumetric modular construction homes in a joint project with Coventry...
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